Construction: Prices up to February 2019

The costs of wood and roofs, and metals and derivatives, explained during the second month of the year the 10% year-on-year increase in the prices of construction materials in Nicaragua.

Tuesday, April 2, 2019

The statistics of the Price Index of Construction Materials (IPMC) corresponding to February 2019, indicate that the IPMC registered a 9.6% year-on-year growth regarding the same month of the previous year, variation greater than the 8.4% reported in February 2018, informed the Central Bank of Nicaragua (BCN).

The BCN report explains that "... Of the five chapters that make up the aggregate of the IPMC, the greatest growth was recorded by wood and roofing materials (15.4%), followed by metals and derivatives (12.3%), electricity and lighting (7.6%), sanitary and flooring (4.7%), and cement and derivatives (4.6%).

In addition, the accumulated variation of the IPMC up to February was 1.1 percent (3.4% in the same period of the previous year), as a result of increases in the chapters of metals and derivatives; sanitary ware and floors; wood and ceilings; electricity and lighting; and cement and derivatives."

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